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IRS FAQs Reveal the Fine Print on Crypto Reporting
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Subscribe07 NOV 2025 / IRS UPDATES
Starting in 2026, the Internal Revenue Service (IRS) will monitor cryptocurrency transactions with Form 1099-DA as per changes to the Infrastructure Investment and Jobs Act of 2021. The new rule mandatorily requires crypto platforms, identified as "brokers," to report all sales or exchanges, providing greater transparency to the IRS, investors, and financial advisors, but brings significant challenges in terms of data management and cost basis calculation.
Ever had a party crash where someone shows up with a clipboard? That’s basically what just happened to the crypto world. Starting in 2026, the IRS is rolling in with Form 1099-DA, the agency’s shiny new way of saying, “We’re watching your wallet.” Fo...
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